Company Streamlines Organization and Names New Leadership Team

WILMINGTON, Del., Aug. 13 /PRNewswire-FirstCall/ -- DuPont (NYSE: DD) CEO Ellen Kullman today announced actions supporting the company's commitments to customers, sustainable growth, and delivering revenue and earnings growth through market-driven science.

The company will sharply focus its innovation engines on four emerging trends to meet the increasing demand for food; protect people and the environment; decrease dependence on fossil fuels; and capitalize on the growth of emerging markets. In addition, DuPont will strengthen its alignment with customers and markets; drive disciplined scientific innovation directly from market needs; increase transparency and accountability for results with a simplified organization; and continue its intense focus on productivity. In support of the renewed focus, the company also announced several leadership appointments.

"DuPont's leadership in market-driven science uniquely positions the company to capitalize on four global trends that will define the coming decades. The actions we are taking today will give our organization the focus and responsiveness it needs to deliver sustainable customer solutions to the demands created by those trends," Kullman said.

"The people of DuPont successfully managed through the extraordinary economic conditions of the past year and delivered on our commitments for the first half of 2009," Kullman added. "DuPont will meet the economic recovery as a stronger, faster and more agile global competitor. We will accomplish this by driving responsibility and accountability ever-closer to our customers and regions, providing greater transparency to our progress and results, streamlining our organization, and maintaining an intense focus on productivity."

Streamlined Organization

Key components of DuPont's more streamlined organization include:

• Eliminating the five group vice president positions and existing support structure associated with the platforms that house DuPont's businesses;
• Consolidating the company's 23 businesses into 14, each with clear accountability for profit-and-loss and cash management and a direct reporting line to the company's senior leadership team;
• Streamlining the 14 businesses to drive decision-making closer to customers by increasing regional business responsibility and accountability.
  

Leadership Appointments

Effective Oct. 1, the following senior leaders and assignments are part of the organizational alignment:

• Thomas M. Connelly, Jr., executive vice president and chief innovation officer, will be responsible for the Applied BioSciences, Nutrition & Health, Performance Polymers, and Packaging & Industrial Polymers businesses.